Lending standards continued to tighten for most loan categories in Q2, according to the Senior Loan Officer Survey (SLOOS). US banks reported tightening lending standards to businesses and all CRE categories. They kept…
As Trump’s victory odds rise, the underperformance of European equities deepens. How negative would a global trade war be for European assets?
According to BCA Research’s Counterpoint service, the sharp underperformance of the French stock market over political uncertainty is irrational, given the CAC 40’s limited exposure to French domestic economics and…
The EU's import tariff increases on Chinese EVs are expected to have a minimal impact on China's overall exports. We anticipate that most Western-brand EV shipments from China will be less affected by the EU import tax hike. Beijing…
Generative AI-related rally resumed in May. Much of the recent market gains are down to excess liquidity that was begotten by the massive pandemic stimulus, creating a dichotomy between multiple economic challenges and exuberant…
Q1 Earnings and sales growth were strong, but the devil is in the details: Without the Magnificent Five, earnings growth for the index would have been negative. On a positive note, margins have stabilized, and earnings growth is…
The broad market took a significant step backward in April, as market jitters gripped investors, stoking fears of higher for longer monetary policy. However, our roundtable investor poll has demonstrated that the majority remain…
After underperforming in 2022, I.T., Consumer Discretionary and Communication Services – the three sectors encompassing America’s largest tech companies – have rallied by 61.3%, 41.4% and 73.7%, respectively,…
In this note, we preview the Q1-2024 earnings season, give our take on expectations and share what we will be watching.
